[Congressional Record Volume 143, Number 98 (Friday, July 11, 1997)]
[House]
[Page H5136]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             WHY AMERICANS FAVOR THE DEMOCRATIC ALTERNATIVE

  (Mr. MENENDEZ asked and was given permission to address the House for 
1 minute.)
  Mr. MENENDEZ. Mr. Speaker, the Democrats want tax cuts for working 
taxpaying families. A lot of smoke is being created here to say, well, 
who is really saying the truth? Well, let us look at the Congressional 
Research Service report made by the nonpartisan Library of Congress, by 
the specialists on the economics end of policy, that says the Office of 
Treasury provides a more comprehensive measure, more consistent with 
how economists would measure the bill's benefits to individuals in 
different income classes. What they conclude is that using measures 
that are more consistent with conventional economic analysis the 
permanent provisions of the bill the Office of Treasury estimates 
indicate that by any distributional measure; that means who gets what, 
the tax cuts under the Republican plan favor higher income individuals 
in the House and Senate bills with the effects more pronounced in the 
House bill.
  Mr. Speaker, that is why Americans throughout the country favor the 
democratic alternative. They understand it is for working taxpaying 
families.

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